5306 Peters Creek Rd - Showroom FOR SALE


Roanoke, VA 24019- Hollins
$7,325,000 USD
540-666-6768
5306 Peters Creek Rd, Roanoke, VA for Sale
$7,325,000 USD
Showroom - FOR SALE
1/27
null | 8.1% Cap Rate

5306 Peters Creek Rd
Roanoke, VA 24019
Hollins


HIGHLIGHTS

  • Don’t miss the opportunity to acquire Executive Park, a six-building office campus prominently positioned in Roanoke, Virginia.
  • Positioned along Peters Creek Road with high traffic exposure and direct connectivity to Interstates 81, 581, and US Route 220.
  • Logistics are a breeze with a strategic location adjacent to Roanoke-Blacksburg Airport, Western Virginia's primary commercial airport.
  • Nearby retailers and restaurants support daily tenant needs and workplace appeal, including Bojangles, Dollar General, and Kroger.

OVERVIEW

Executive Park at 5306–5346 Peters Creek Road presents buyers with a standout investment opportunity. The property features six professional office buildings totaling approximately 54,000 square feet on just over 5.1 acres. Located on one of Roanoke’s most prominent commercial corridors, Executive Park offers excellent visibility and easy access for tenants and guests alike. The C-2 (General Commercial) zoning allows for a broad range of uses. Office, medical, retail, service, and other business applications are all supported. This flexibility attracts diverse tenants and strengthens long-term investment stability. Each of the six standalone buildings supports multi-tenant or single-occupant configurations. Suites are efficient for professional offices, medical practices, and service-based businesses. The campus provides ample paved parking, strong internal traffic flow, and prominent road frontage. Executive Park delivers a solid and attractive presence in an established business district. This site in Roanoke offers buyers a convenient location next to Roanoke-Blacksburg Airport, a prominent regional airport that saw a record-breaking 756,308 passengers in 2024. The area is growing and includes several retailers, restaurants, and services. Offices like the Department of Motor Vehicles and the United States Postal Service are close by. Stores such as Walgreens, Starbucks, Lowe’s, Marshalls, and Target are all accessible, making errands easy for employees before or after work and during lunch. The property’s proximity to major interstates enables employees, guests, and visitors to commute seamlessly. Just north of Downtown Roanoke, the location suits business operations well. Executive Park offers investors an attractive combination of scale, flexible zoning, strong location, and long-term tenant appeal in a growing Roanoke market.

FOR SALE DETAILS

PRICE

$7,325,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

Water - County

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

180

LAND DETAILS

LAND ACRES

5.12

LAND SF

223,027

ZONING

C-2

APN/PARCEL ID

037.08-01-09

ASK ABOUT THIS PROPERTY

Stuart Meredith, CCIM, SIORHall Associates, Inc.More Info
540-666-6768

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Stuart Meredith, CCIM, SIORHall Associates, Inc.More Info
540-666-6768

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.